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Search Results 0 to 15 of about 16 (some duplicates have been removed)
.s. but the old bugaboo, inflation and ben bernanke, will the fed reduce the balance sheet and get rates to more normal levels in my lifetime? >> hopefully you will live a long time, larry, so yes. unfortunately i have never seen the fed or bernanke articulate how to downsize the balance sheet. i haven't seen a plan out there to say, this is how we can do it. they are owns and backing these mosh mortgage-backed securities now and they will weigh reducing the balance sheet with propping up the housing market. we may see another republican revolution and a cut-back on the huge obama taxes on hedge funds, bank pay, small businesses and letting the bush tax cuts expire, i am not confident that bernanke has a plan to deleverage and 2.7% year-over-year growth in the cpi isn't scary, but it's not comforting either. >> you have cut back on your equity allocation, is that right, mike? >> yes, i am. i'm pretty much now at about 20%. jim points out the strong growth in corporate profits. a lot of it is from cutting overhead, cutting employees, but some junk bonds are attractive now for the companies that w
year. government spending has done next to nothing. bernanke still has no real strategy. we're going to get to all of that with our market panel. who joins us now to talk about these many events of the week. we have peter morici of university of maryland. dan fitzpatrick and john carney returns. you know, dr. frolick, i want to begin with you. not greece, not the euro, not the snows, nothing really week.d stocks from going up the market has peaked in mid january and hasn't moved much in many months. but the fact remains, things may not be so bad. weigh in. >> i think it comes down to earnings, larry. we got some great efshgs. across the board, time warner, ann taylor, a look at comcast, even moodie and sony, it wasn't just earnings, larry, it was top-level revenue growth. the big picture, when you look at china, understand even with them slowing down, when they slowed down the first time, china banks still let $2 billion this january. third highest on record. as investors you have to realize this is money already in pipeline. when you think of china mustard seeds, larry, they're abou
. and i said this to tim geithner, the treasury secretary. that means henry paulson, ben bernanke, were the dentists. how does that make you feel, the thing that everybody hates is the thing you had to do. >> let me tell you, i felt like i was having a root canal. >> without anesthesia. >> i was a dentist having a root canal without anesthesia at the same time. but there's a scene in the book -- my book, "on the brink," and this was a day or two before we were going to need to step in and rescue citigroup. and what really hit me was that i was forever going to be associated with these bailouts and it would be the treasury secretary that did all these interventions. then, i said, that would be the good news. the bad news will be if we can't cobble together something that works for citigroup and it goes down. bi i'll be the treasury secretary who presides over another great depression. >> back with david gergen and diane brady. the reason we have you guys on is because you're honest about this. i think -- i think henry paulson had it right on there and there's a whole lot of revisionist h
. people like alan greenspan and ben bernanke gave us the largest downturn since the great depression. that is why we have a huge budget deficit. we didn't have a huge tax cuts. we had stimulus and response to the downturn. we have higher unemployment if we have not had that but let's be clear if we are upset about the deficit greenspan and bernanke, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want me
that dr. bernanke, if he has two patients, the one with a positive attitude does better. >> i agree with dr. bernanke, but stress does cause your arteries to con strict, it ka cause the arteries to build up faster, it can cause blood clots to form that causes a heart attack, that's the bad news. but stress is not simply something you do, more importantly it's how you react to what you do. if you practice some simple stress management techniques, you can be in the same job, you can go to haiti, and not have it affect it. you can accomplish even more without getting so stressed and without getting sick in the process. >> larry: sanjay, do you understand why the president is so passionate about haiti? >> he's had an affinity for this place for a long time, larry. i interviewed him when he was down here and talked about haiti with him a few times in the past. he had his honeymoon here, as i know you've talked about, larry, so he's been thinking about haiti for a long time. i think he has a strong affinity not only to haiti but to the haitian people living in haiti and the united states,
that of course was going to burst, and this is why i get mad at people like alan greenspan and ben bernanke and most economists because god knows what on earth was going through their heads in the year 2003 to those of four cardinals five, 2006, to dozens of as the bubble could growing and growing and the savitt is okay and now they are surprised who could have known that is the joke we have or not washington they run around saying who could have known? anyone doing their job should have known. >> host: amity shlaes, anything you want to address? >> guest: i think it's important of the interplay and the war and domestic policy because when you have -- it's true the government can't think about two things at once. it can't walk and chew gum at the same time and when you have a distraction whether you believe it's something we should invest in, afghanistan, iraq or not the government doesn't think well what is going on at home so if he would have called on our various leaders at the fed or the white house over time under -- in this purpose it would be under president bush postsecondary 11th h
week leading a charge to convince ben bernanke and geithner to use their power to increase liquidity for the commercial marketplace. good or bad idea? >> right. well, i don't want to see the government actually spending money. one of the problems we have in commercial real estate, in fact in small business lending is the regulators, government is leaning on small banks so hard they are scared to lend now. and it's an overreaction. we get overlenient on regulations sometimes and then overregulatory and i think we're having too much regulation today. gregg: your bottom line is government, butt out. brian wesbury, thanks for being with us. >> thanks, great to be with you. martha: surveillance camera images that are truly horrifying. a 15-year-old girl, hard to watch, folks -- savagely beaten, while security guard, the guys in the vests, standing around while the girl is kicked in the head. what are these people's excuses for what they did? and what is this city doing now to stop this? >> plus it looks more like the northeast than the south. can you believe this? a wicked winter storm is
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get so mad at people like ben bernanke. most economists, god knows what on earth was going through their heads as they watch the bubble keep grow and grow and grow and said everything was okay. now they are surprised fukuda agnone? that is a joke we have around washington. anyone who is doing their job should have known. >> host: amity shlaes anything there you want to address? >> guest: i think it is important to think about the interplay between the war in domestic policy because it is true the government can think about two things at once. it cannot walk and chew gum at the same time and when you have a distraction, whether you believe it is something we should invest then, afghanistan, iraq, the government does not think well about what is going on at home so if you called on our various leaders that the fed or at the white house over time under, in this period under president bush,'s september 11 you would say are you concerned about fannie mae? they would say absolutely, here's the data and they are going out of control, fannie and freddie and we will be have legislation abou
decades. he made money too cheap. a lot of people want to put bernanke on mt. rushmore because he's making money cheap and guiding us through this crisis. >> it does raise us to this issue. rates were so low under alan greenspan was part of the problem and then we had this giant bubble and the bubble burst. instead of letting the bubble go back to flat we've been huffing and puffing by printing more money and trying to help everybody and make it easier to try to keep it inflated a little bit. it has so many holes in it will go down here at some point. >> you're right. all right. international superstar erin burnett. how many points exactly is the market going to go up m. >> i hate this. >> we'll see if it turns around by the end of the day. we'll have a lower open. i'll make it up. up plus 30. >> wrong. up 72. erin burnett, thank you. >> have a good weekend, guys. >> that's all i got. thank you for being with us, erin. that $100 that you have, it's worth about $72 now. >> mika stole it back. typical democrat taking your money. >> she's liberal. all right. coming up, new overnight developme
bernanke who was named by bush the federal reserve chairman, henry paulson, the treasury secretary. they said if they didn't do this bailout, the abyss would've happened and it wouldn't have been a recession, it would have been a depression. >> well, you know, a lot of people did offer that chicken little scenario. and equally other economists and people in the real banking world, for example, a communication i received from the president of bb & t asking the 435 members of the house and the 100 members of the senate not to vote in favor of the bailout because the money would not end up being used by banks to be loaned to consumers and you would have banks under the thumb of greater government control. and, indeed, though i don't like to use hank bolson as a source, he made it very clear that while mccain in the end supported it, when john suspended his campaign to go back to washington, and voters thought he's going to make a stand for us. john, instead of being the tell it like it is straight talk express guy, he meekly read a couple of talking points and went ahead with the whol
it on the bernanke excuse stroke reason. we saw it in particular on heavy volume last friday and this is not really -- is this not really a market where really the chick ents are coming home to roost, bid up on a lot of artificial liquidity and is systematically now deleveraging? >> i tend to agree long term i'm very bullish. we have been through a tremendous recession worldwide and now we're just seeing reel it budding stages of a new economic expansion. we're not out of the woods yet but a lot better than six months ago. >> i'm not sure you can agree with me and be bullish. if you have systematic deleveraging this market is going to go down and down surely if that is true. >> i don't really think that the market -- >> surely if that is the reasoning then this is not good news for sometime. >> well, again, we view the world from a financial planning perspective. if you're a trader, you've got this risk on, then you're at risk with short-term money. long-term money viewing from a financial planning perspective, we've been building cash, we've been defensive for quite a while, and our main goal with
. host: a couple other items, business section of "new york times," that ben bernanke has survived a challenge to his second term as chairman, and faces the delicate task of beginning to pull the central bank out of its extraordinary situation. guest: the economy through the fall of 2008 and through last year, in an effort to help banks and credit markets and to prevent the financial system from imploding. they did that by lower the interest rates, and now they have to pull that back. they have to pull the federal reserves investments in the economy back. and they have to do that carefully because they don't want to cause problems in doing so, which is something that could happen. it will be delicate. markets are watching when this will happen. if he doesn't do it right, you will see plunges in stock values. host: what is the update? guest: last week senate dodd announced he was at an impasse with senator shelby, and it's not a good sign. there are some republicans who said they were committed to get a bill. one thing to watch is bob corker, a new senator from tennessee, he's worki
professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the tradition -- of the presence i
to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the tradition -- of the presence in beginning with washington. and ou
Search Results 0 to 15 of about 16 (some duplicates have been removed)